Syncora Holdings Ltd. (fka SYCRF)

[irishintelligence]

Does anyone have rough numbers on what a reinsurance transaction does for the financials?

On the call it was stated that they are in advanced negotiations with a potential partner to package up almost the entire book.

I assume that we forgo all the forward premium payments in exchange for a smaller lump sum now. Do we know what that lump sum looks like?

Also, are we then allowed to release reserves?

If yes, does the release of reserves add positive cash to the shareholders equity balance?

I think I knew the answers to these questions once, however it's been some time and I have not kept up with the core insurance questions.


Thanks for reading. II